Trade Minister Budi Santoso said the EU’s move emerged during the final talks to conclude the Indonesia-EU Comprehensive Economic Partnership Agreement. — The Jakarta Post
JAKARTA: Indonesia has the opportunity to wrap up a long-delayed free trade deal with the European Union (EU) after the bloc officially placed Indonesia in its “standard-risk” deforestation law category, a step seen by businesses as a signal that could boost exports of palm oil, coffee, cacao and other commodities.
“Yes, we’re in the middle of finalisation, and the EU seems to be easing now as we near the final stage,” Trade Minister Budi Santoso said last Wednesday, confirming that Indonesia was not among the countries deemed high risk under the EU’s Deforestation Regulation (EUDR).
